Just-Eat Raises $48M In Funding For International Expansion

UK based online takeway ordersing service Just-Eat has raised $48 million in a funding round led by Greylock Partners and Redpoint Ventures, along with existing investor Index Ventures, reports TechCrunch. It intends to expand its international presence with this funding. Earlier this year, Just Eat had acquired a majority stake in the Bangalore based table booking site Hungry Zone, in which it plans to invest $5-$10 million over the next three years. It recently renamed Hungryzone to JustEat.in and expanded operations in Mumbai, with Delhi to follow soon. Previously, it had raised GBP 10.5 million ($17.4 million) from Index Ventures and Venrex Investment Management in 2009, according to paidContent:UK.

JustEat currently operates in the UK, Denmark, Sweden, Belgium, Spain, Netherlands, Ireland, Norway and Canada, and claims to have generated GBP 200 million revenue per year for the restaurant industry.

Meanwhile, do read why Zomato’s Pankaj Chaddah feels that online ordering is just a marketing gimmick and at times even a hoax as customers are called back to verify their identity. This will surely come as a good news for Just Eat, which hardly has any competitors inthe India market.